HCM City, 8th March, 2018
PRESS RELEASE
The U.S. Department of Commerce released today the preliminary results of the 12th administrative review of the antidumping order on frozen warmwater shrimp from Vietnam. The calculated rate for the sole mandatory exporter, Sao Ta Seafoods Joint Stock Company (FIMEX VN), was announced as 25.39%. Because FIMEX was the only mandatory respondent in the proceeding, its rate was also deemed to be the appropriate rate for all other companies that Commerce decided were independent of the Vietnamese Government. FIMEX VN, the Vietnam Association of Seafood Exporters and Producers (VASEP), and all of its members are very concerned about this result and believe that it was issued in error.
For multiple years now, Vietnamese exporters have been examined during the administrative review process and none of them have received a dumping margin higher than a single-digit percentage rate. Indeed, FIMEX VN was examined in the 9thadministrative review and received a rate of 0%. “We are shocked by this result”, said Mr. Luc, FIMEX VN’s General Director. “We expected a rate of less than 2%, consistent with the result we received in the 9th review. Clearly, the Commerce Department made a mistake. Fortunately, this is only a preliminary decision, and we have the opportunity to show Commerce why this rate is obviously wrong.”
Indeed, careful analysis of the Commerce Department dumping margin program shows that they applied a conversion factor from headless to head-on shrimp incorrectly. If the conversion had been applied correctly, the margin would be only 1.19%.
FIMEX VN was scheduled to have a verification with U.S. Commerce Department officials in January, but the verification was postponed due to the U.S. Government shutdown. “We were ready for that verification, and I am sure we would have shown Commerce Officials why our rate was much lower”, said Mr. Luc. The verification has been rescheduled to July this year, and there will also be an opportunity to argue in briefs why the decision was made in error. VASEP and FIMEX VN are confident the rates announced today will be reduced in the final results expected to be issued in September. In the meantime, fortunately, the preliminary rate has no effect; it is only announced in order to allow the parties to argue why it is correct or not. No new rate will be imposed until the final results are issued./.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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